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Council approves first reading to create Meadowlark TIF district for 111-home subdivision
Summary
Brookville City Council on Tuesday accepted the first reading of Ordinance 2025-08 to create the Meadowlark Incentive District and authorize a tax increment financing (TIF) arrangement to reimburse infrastructure work for the Meadowlark subdivision.
Brookville City Council on Tuesday accepted the first reading of Ordinance 2025-08 to create the Meadowlark Incentive District and authorize a tax increment financing (TIF) arrangement to reimburse infrastructure work for the Meadowlark subdivision.
The proposal covers a 111-unit paired-patio home development to be built by Grama Communities, LLC and Fisher Homes, and would reimburse 75% of taxes on the improved value for 10 years to cover the developer’s documented infrastructure costs. Director Ron Runstead told council the engineered estimate for public infrastructure is $3,761,404 and…
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